Excersice 1:

Company A in the third quarter of year N purchased raw materials as follows:

- The VAT-inclusive price on the invoice of 1.44 tons is 792 million dong;
- The transport cost excluding VAT is 35 million dong;
- Loading and unloading costs excluding VAT are 10 million dong;
During the tax period, the enterprise used all materials for production. material
consumption norms are 0.5kg for each product. All products have been sold domestically
with a tax-free price of 450,000 / 1 product.
a) Calculate the payable VAT amount with the tax rate of 10%?
b) If the company exported 40% of total products and sell domestically 60% of
total products at a VAT-exclusive price of VND 450,000/product, calculate the
payable VAT amount?
A)

Excersice 2:
Company C trading in household goods during the tax period has the following
documents on buying and selling goods:
1. Goods purchased and sold:
- Imported 100 induction cookers with CIF price of 500 USD for each, import tax rate of
10%
- Domestic purchase of 80 pot sets with payment price of 693,000 VND/set
- Purchased 80 magnetic pans from a domestic trading company at a VAT exclusive price
of 350,000/pan.
2. Goods consumed in the period:
- Selling 30 induction cookers at VAT exclusive price of 20 million VND for each, 50
sets of pots with a VAT exclusive price of 1 million/one, 20 induction pans with a
payment price of 572,000/one.
- Sent 20 induction cookers to the agent store, the dealer sold 15 units, the selling price
without tax was 20 million VND/unit. The company immediately pays 5% commission
based on the selling price to the agent store.
- Installment sale of 20 induction cookers, installment sale price excluding tax is 21
million VND/unit (installment interest is 1 million VND)
3. During the period, the company ran 2 promotion programs
- Use 50 induction pans for promotion when customers buy induction cookers
- 10% discount when purchasing an induction cooker (pan not included). The number of
induction cookers sold in the program is 20 units.
Question: Calculate the VAT amount that company C must pay in the tax period. (VAT
rate is 10%, import tax is 10%, 1USD = 25,000 VND)
Exercise 3:
The business situation of a company in the taxation period is as follows:
1. Situation of consumption of products
- Sell domestically 50 tons of iodized salt at the price of 3 million dong / ton.
- Exporting 100 tons of salt to Laos at the FOB price of 110 USD / ton.
- Export of 200 tons of rice to EU at the FOB price of 250 USD / ton.
- Selling 20 tons of canned fish to a supermarket at a VAT-exclusive price of 30 million
dong / ton.
2. Cost and input VAT corresponding to the volume of goods consumed in the period are
as follows:
- The VAT-exclusive price of raw materials purchased is 950 million dong. Total input
VAT amount of raw materials is 95 million dong, the company can not separately
account taxes for each type of product.
- Depreciation of fixed assets is 30 million dong. Creditable input VAT amount is 10
million dong.
- The VAT-inclusive prive of outside services is 165 million dong (VAT 10%)
+ Input VAT on services purchased for the production and trading of goods subject to
VAT is 10 million dong.
+ Input VAT on services purchased for non-taxable products is 5 million dong.
Calculate the payable VAT amount? (VAT 10%) 1USD = 22,000VND

Exercise 4:
The business situation of a trading company in the taxation period is as
follows:
- Importing 100 air-conditioner with the import-duty calculation price of 4
million dong / unit. The company has sold all of the goods at ET-exclusive
price of 12 million dong / unit.
- Exporting 300 smart phone at the FOB price of 5 million dong/unit.
- Buying 50 TVs from a local company at the VAT-inclusive price of 4 million
dong. The company has sold all of these TVs at the VAT-exclusive price of 8
million dong.
Calculate the VAT, assuming that: the rate of VAT is 10%; the import tax
rate of air-conditioner is 10%, the excise tax rate of air-conditioner is
20%, the export tax rate of smart phone is 0%, other creditable input VAT
amout is 30 million dong